2024-07-12T12:14:18-05:00 2023-08-31 410746749 CLIFTONLARSONALLEN LLP 901 N GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2022-09-01 237244320 INTERNATIONAL MONETARY CONFERENCE INTE 2026635054 1333 NEW HAMPSHIRE AVE NW WASHINGTON DC 20036 KARIN PETERSEN FLYNN CFO 2026635054 2024-07-12 1 KARIN PETERSEN FLYNN 999009999 0 AMY CHAPMAN P00843460 5712279500 2024-07-11 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROBERT S NICHOLS 1333 NEW HAMPSHIRE AVE NW WASHINGTON DC 20036 1173148 0 X N/A X 1954 DC TO CREATE A BETTER UNDERSTANDING OF INTERNATIONAL FINANCIAL AND MONETARY SYSTEMS. 11 10 0 11 0 0 0 0 0 1173000 148 148 0 0 148 1173148 0 0 0 0 0 0 0 0 0 441132 1082598 441132 1082598 -440984 90550 1786318 2178677 1371871 1673680 414447 504997 X (SEE SCHEDULE O)THE INTERNATIONAL MONETARY CONFERENCE (IMC) IS FORMED UNDER THE AUSPICES OF THE AMERICAN BANKERS ASSOCIATION FOR THE PURPOSE OF CREATING A BETTER UNDERSTANDING OF INTERNATIONAL FINANCIAL AND MONETARY SYSTEMS AND FOR ENCOURAGING THE COOPERATION OF THE FINANCIAL INSTITUTIONS OF THE VARIOUS NATIONS SO THAT THEY MAY SERVE MOST EFFECTIVELY THE PEOPLE OF THEIR NATIONS. 0 0 ANNUAL CONFERENCE: EACH YEAR, MEMBERS OF THE INTERNATIONAL MONETARY CONFERENCE ATTEND A THREE-DAY FORUM IN WHICH THEY DISCUSS VARIOUS INTERNATIONAL BANKING ISSUES. THE 2023 CONFERENCE TOOK PLACE SEPTEMBER 11-13, 2022 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X CRYSTAL REDDING 2026635384 1333 NEW HAMPSHIRE AVE NW WASHINGTON DC 20036 ROBERT S NICHOLS EXECUTIVE VICE PRESIDENT 1.00 36.50 X X 0 3433603 62913 JOHN C DUGAN PRESIDENT 1.00 0.00 X X 0 0 0 CARLOS TORRES VILA VICE PRESIDENT 1.00 0.00 X X 0 0 0 VICTOR DODIG IMMEDIATE PAST PRESIDENT 1.00 0.00 X X 0 0 0 COLIN HUNT BOARD MEMBER 1.00 0.00 X 0 0 0 SHAYNE NELSON BOARD MEMBER 1.00 0.00 X 0 0 0 PIETRO STELLA BOARD MEMBER 1.00 0.00 X 0 0 0 JOHANN STROBL BOARD MEMBER 1.00 0.00 X 0 0 0 JOHAN THIJS BOARD MEMBER 1.00 0.00 X 0 0 0 JONG KYOO YOON BOARD MEMBER 1.00 0.00 X 0 0 0 DARRYL WHITE BOARD MEMBER 1.00 0.00 X 0 0 0 KARIN PETERSEN FLYNN CHIEF FINANCIAL OFFICER 1.00 36.50 X 0 648376 103398 0 4081979 166311 0 0 1 0 0 MEMBERSHIP DUES 900099 1173000 1173000 1173000 148 148 1173148 1173000 0 148 25595 35126 34254 62565 63502 231953 337563 ADMINISTRATIVE EXPENSES 185046 OVERHEAD 98922 AWARDS & RECOGNITION 8072 1082598 63384 483062 1477588 1477436 245346 218179 1786318 2178677 4135 14996 1173000 1475000 194736 183684 1371871 1673680 X 414447 504997 414447 504997 1786318 2178677 90550 0 X 0 1 X 1 0 0 1 0 0 DUE TO AMERICAN BANKERS ASSOCIATION 183684 183684 1173148 0 1173148 0 1173148 1082598 0 1082598 0 1082598 0 1 0 ROBERT S NICHOLS EXECUTIVE VICE PRESIDENT 0 1788425 0 1200000 0 445178 0 36600 0 26313 0 3496516 0 0 KARIN PETERSEN FLYNN CHIEF FINANCIAL OFFICER 0 486585 0 148000 0 13791 0 77148 0 26250 0 751774 0 0 PART I, LINE 4B THE ORGANIZATION DOES NOT PROVIDE A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN TO ITS BOARD MEMBERS AND OFFICERS. MEMBERS OF EXECUTIVE LEADERSHIP OF THE RELATED ORGANIZATION, AMERICAN BANKERS ASSOCIATION, PARTICIPATE IN A NON-QUALIFIED SUPPLEMENTAL EMPLOYEE RETIREMENT PLAN. THE ACCRUED PRESENT VALUE OF ESTIMATED BENEFITS FOR THE YEAR PROVIDED BY AMERICAN BANKERS ASSOCIATION IS AS FOLLOWS: KARIN PETERSEN FLYNN $40,548 ROBERT S. NICHOLS $323,400 FORM 990, PART VI, SECTION A, LINE 6 REGULAR MEMBERS OF THE IMC ANNUALLY ELECT THE ORGANIZATION'S OFFICERS AND BOARD OF DIRECTORS, WHICH ACTS AS THE CONFERENCE'S GOVERNING BODY. THE BOARD OF DIRECTORS HAS SOLE DISCRETION TO SELECT CRITERIA USED IN DETERMINING ELIGIBILITY FOR MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A ORGANIZATIONS ELIGIBLE FOR MEMBERSHIP WILL BE THOSE THAT ARE ENGAGED PRINCIPALLY IN FINANCIAL SERVICES AND HAVE SIGNIFICANT ROLES IN THE GLOBAL ECONOMY. FORM 990, PART VI, SECTION A, LINE 7B IN ADDITION TO THE ANNUAL ELECTIONS, THE REGULAR MEMBERS VOTE ON MAJOR CORPORATE ACTIONS AS REQUIRED BY THE MEMBERSHIP AND AMENDMENTS TO THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE CFO OF THE AMERICAN BANKERS ASSOCIATION SERVES AS APPOINTED CFO OF THE IMC. A SEPARATE AUDIT OF THE IMC IS CONDUCTED UNDER THE GOVERNANCE OF THE AMERICAN BANKERS ASSOCIATION. ABA'S MANAGEMENT, WHICH INCLUDES CERTIFIED PUBLIC ACCOUNTANTS, CONDUCTED SEVERAL INTERNAL REVIEWS OF THE COMPLETED FORM 990 WHICH WAS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. FORM 990, PART VI, SECTION B, LINE 12C IMC MONITORS AND ENFORCES ITS CONFLICTS OF INTEREST POLICY AT LEAST ANNUALLY, HAVING EACH OFFICER, AND MEMBER OF THE BOARD OF DIRECTORS ATTEST BY SIGNATURE THAT THEY HAVE READ, UNDERSTAND, AND ARE IN COMPLIANCE WITH THE POLICY. ON AN ANNUAL BASIS, THE BOARD IS PROVIDED A COPY OF THE POLICY, OFFERED AN OPPORTUNITY TO DISCUSS ITS REQUIREMENTS, AND HAVE ANY QUESTIONS ANSWERED. ABA STAFF ATTENDS THE MEETINGS OF THE BOARD IN ORDER TO MONITOR COMPLIANCE WITH THE REQUIREMENTS AND THAT THE MINUTES OF THE MEETINGS FAIRLY REPRESENT THE DISCUSSIONS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE INTERNATIONAL MONETARY CONFERENCE (IMC) DOES NOT COMPENSATE ITS BOARD OF DIRECTORS OR OFFICERS. COMPENSATION AND BENEFITS PAID FOR THE OFFICERS ARE PAID BY THE RELATED ORGANIZATION, THE AMERICAN BANKERS ASSOCIATION. THE COMPENSATION POLICY OF THE AMERICAN BANKERS ASSOCIATION ARE AS FOLLOWS: THE OFFICERS SHOWN ON SCHEDULE J PART II ARE EMPLOYEES OF THE RELATED ORGANIZATION, AMERICAN BANKERS ASSOCIATION (ABA). ABA'S COMPENSATION COMMITTEE, COMPRISED OF BOARD OF DIRECTOR MEMBERS, IS RESPONSIBLE FOR REVIEWING THE COMPENSATION OF THE ASSOCIATION'S KEY EMPLOYEES AND MAKES THE FINAL COMPENSATION RECOMMENDATION TO THE BOARD OF DIRECTORS, WHICH HAS FINAL APPROVAL. THE PROCESS USED BY THE COMPENSATION COMMITTEE IS MADE IN CONJUNCTION WITH AN OUTSIDE INDEPENDENT CONSULTING FIRM THAT CONDUCTED A COMPREHENSIVE COMPENSATION STUDY FOR THE ASSOCIATION. THE METHODOLOGY USED INCLUDED THE FOLLOWING: - UTILIZING SALARY SURVEYS, INCLUDING THOSE FROM MERCER, WATSON WYATT, PRM CONSULTING, QUATT ASSOCIATES AND ASAE, JOBS WERE BENCHMARKED TO COMPARABLE POSITIONS. - THE OUTSIDE COMPENSATION CONSULTING FIRM REVIEWED APPLICABLE MARKET DATA AND THE BENCHMARKED POSITION INFORMATION AND DEVELOPED A MARKET-BASED PAY STRUCTURE. - ADDITIONAL FACTORS CONSIDERED WERE POSITION REQUIREMENTS, ORGANIZATIONAL IMPACT, AND JOB COMPLEXITY. - MINUTES ARE KEPT OF THE COMPENSATION COMMITTEE'S DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARRANGEMENTS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 IMC DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE ORGANIZATION'S FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. AMERICAN BANKERS ASSOCIATION 1333 NEW HAMPSHIRE AVE NW WASHINGTON DC 20036 521001304 BANKING MEMBERSHIP DC 501(C)(6) 0 ABA COMMUNITY ENGAGEMENT FOUNDATION 1333 NEW HAMPSHIRE AVE NW WASHINGTON DC 20036 830397856 EDUCATION DC 501(C)(3) AMERICAN BANKERS ASSOCIATION 0 ABA SECURITIES ASSOCIATION 1333 NEW HAMPSHIRE AVE NW WASHINGTON DC 20036 521935145 EDUCATION, MEMBERSHIP DE 501(C)(6) AMERICAN BANKERS ASSOCIATION 0 BAFT INC 1333 NEW HAMPSHIRE AVE NW WASHINGTON DC 20036 113642835 FINANCIAL SERVICES DE 501(C)(6) AMERICAN BANKERS ASSOCIATION 0 JEFFREY AND DIANA OWEN SCHOLARSHIP FOR EMERGING COMMUNITY BANK LEADERS INC 1333 NEW HAMPSHIRE AVE NW WASHINGTON DC 20036 833857091 EDUCATIONAL ACTIVITIES DC 501(C)(3) LINE 12A, I AMERICAN BANKERS ASSOCIATION 0 ABA CARD SOLUTIONS INC 1333 NEW HAMPSHIRE AVE NW WASHINGTON DC 20036 363515025 BUSINESS SERVICES DE C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 AMERICAN BANKERS ASSOCIATION O 357240 ALLOCATION AMERICAN BANKERS ASSOCIATION P 1082598 ACTUAL/CASH